NioCorp Developments Ltd. announced on October 6, 2025 that it has finalized the purchase of an additional 325.77 acres of land associated with its Elk Creek Critical Minerals Project in Nebraska. The acquisition expands the company’s footprint and provides the necessary site for the upcoming construction launch of the underground mining and processing facilities.
Securing this land is a critical milestone in the project’s development timeline, as it removes a major permitting and site‑acquisition hurdle and allows the company to move forward with detailed engineering and construction planning. The purchase demonstrates tangible progress toward the $1.141 billion upfront capital expenditure required for the project’s construction phase.
By completing this transaction, NioCorp strengthens its position in securing financing and aligns with its strategy to establish a domestic supply chain for critical minerals. The land acquisition is expected to accelerate the start of construction and bring the Elk Creek Project closer to operational production.
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